POPA ReconBTC has recovered above $80K as ETF inflows, spot demand, and positioning improve. However, weaker capital inflows and heavy overhead…
BTC has recovered above $80K as ETF inflows, spot demand, and positioning improve. However, weaker capital inflows and heavy overhead supply near $86K keep conviction below prior bull phases. Executive Summary – US spot ETF inflows have turned firmly positive as BTC recovered from mid-$60Ks to low-$80Ks Shallow drawdown – Relative Unrealized Loss peaked at 25% in February, now compressed to 8%; bear regime stays shallow if $60K holds – Realized Cap 30D Net Position Change back to $2.8B/month, but well below the $10B+ seen in prior bull expansions – Support at $76.9K (30-day cost basis), resi…
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